- HighRadius is launching a B2B funds platform.
- The brand new platform may have three primary parts to assist companies decrease prices: Cost Gateway, Surcharge Administration, and Interchange Charge Optimizer.
- HighRadius has greater than 800 shoppers, together with 3M, Unilever, Anheuser-Busch InBev, and others.
Treasury Administration software program firm HighRadius introduced plans late final week to launch a B2B funds platform. The brand new instrument will assist HighRadius shoppers facilitate world funds for his or her finish customers.
HighRadius’ B2B funds platform, which goals to enhance cost processes throughout 100+ world cost strategies, is comprised of three primary merchandise. Every product is offered in HighRadius’ single, standalone platform that may assist firms make it simpler for his or her prospects to disburse funds globally.
The primary product, Cost Gateway, helps greater than 150 currencies from eCommerce, order administration, and different digital commerce channels, making a cheaper B2B cost resolution. Surcharge Administration helps firms validate surcharge applicability and go on interchange charges to their consumers. The answer simplifies issues for shoppers by mechanically abiding by regional laws, which differ by state and card model. Lastly, Interchange Charge Optimizer will mechanically populate any lacking information and can make sure the cost adheres to pre-configured guidelines with a view to confirm that the client receives the bottom attainable interchange charges.
“Funds are a vital a part of a buyer’s digital expertise, and 70% of organizations aren’t glad with the client expertise they provide,” stated HighRadius Chief Product Officer Sayid Shabeer. “Our objective is to scale back bank card processing prices by PCI-compliant cost options throughout all digital channels. The Interchange Charge Optimizer will guarantee prospects supply this on the lowest attainable price.”
Texas-based HighRadius was based in 2006 and counts 800+ shoppers, together with 3M, Unilever, Anheuser-Busch InBev, Sanofi, Engie GBS Options, Kellogg Firm, Danone, and Hershey’s. The corporate earned unicorn standing in 2020 when it raised $125 million in Collection B funding. Sashi Narahari is CEO.
Photograph by Frans van Heerden